It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.
If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).
I don't usually consider shorting XMR but this is one of the rare occasions.
If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).
I don't usually consider shorting XMR but this is one of the rare occasions.
Shorting when we just broke out of the exponential downtrend of 2 months seems a bit unwise. In addition, the daily MACD flipped to green.
Which, if I may add, translates to the trading advice to refrain from buying now, in hopes of a further crash with plenty more coinz for a BTC...
Bail in at 0.012.
Bail in at 0.012.
This is coming down to: At what point does one confirm the upward breakout from the exponential downtrend line going back to the ATH?